Roth Capital Boosts FranklinCovey (FC) Price Target to $34.00

FranklinCovey (NYSE:FC) had its price target upped by equities researchers at Roth Capital from $26.00 to $34.00 in a research note issued on Friday. The brokerage currently has a “buy” rating on the business services provider’s stock. Roth Capital’s target price points to a potential upside of 29.03% from the stock’s current price.

FC has been the topic of several other research reports. Zacks Investment Research upgraded shares of FranklinCovey from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. B. Riley reiterated a “buy” rating on shares of FranklinCovey in a research report on Thursday. Barrington Research lifted their price objective on shares of FranklinCovey from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, ValuEngine upgraded shares of FranklinCovey from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. FranklinCovey has an average rating of “Hold” and an average price target of $30.00.

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FranklinCovey stock opened at $26.35 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 1.14. FranklinCovey has a 1 year low of $17.35 and a 1 year high of $31.20.

FranklinCovey (NYSE:FC) last released its quarterly earnings data on Wednesday, April 4th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.19. The firm had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $46.50 million. FranklinCovey had a negative net margin of 2.54% and a negative return on equity of 5.73%. analysts expect that FranklinCovey will post -0.24 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in FranklinCovey by 0.4% in the fourth quarter. BlackRock Inc. now owns 785,012 shares of the business services provider’s stock worth $16,288,000 after purchasing an additional 3,007 shares during the last quarter. State Street Corp increased its position in FranklinCovey by 13.6% in the second quarter. State Street Corp now owns 201,339 shares of the business services provider’s stock worth $3,884,000 after purchasing an additional 24,088 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in FranklinCovey by 6.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 51,359 shares of the business services provider’s stock worth $1,043,000 after purchasing an additional 3,151 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in FranklinCovey by 8.0% in the fourth quarter. TIAA CREF Investment Management LLC now owns 27,010 shares of the business services provider’s stock worth $560,000 after purchasing an additional 1,991 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in FranklinCovey by 36.3% in the fourth quarter. California Public Employees Retirement System now owns 26,890 shares of the business services provider’s stock worth $558,000 after purchasing an additional 7,158 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.

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About FranklinCovey

Franklin Covey Co provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide. The company operates through four segments: Direct Offices, Strategic Markets, Education Practice, and International Licensees.

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